TTS Group ASA ("Company") hereby announces that today's Bondholders' meeting with the requisite majority has approved the suggested changes (announced on March 8th 2017) to the bond issue "12.00 per cent TTS Group ASA Convertible Callable Unsecured Subordinated Bond Issue 2011/2016" with ISIN NO 0010593890.
As part of the suggested changes, the Company offered voluntary redemption of 10% of the total outstanding amount, and had by the end of the redemption deadline received redemption claims for in total MNOK 2,000,000, which constitutes 2.1 % of the outstanding amunt. This entails that the bond issue will be adjusted down from NOK 95,345,000 to NOK 93,345,000.
The implementation of these changes depends on their acceptance in the Extraordinary General Meeting for which the Company has convened on March 30th 2017.
All relevant documents for the Extraordinary General Meeting can be found at http://www.ttsgroup.com/IR/generalmeeting/
Bergen, 22 March 2017
TTS Group ASA
Tel.: +47 55 94 74 00
Contact persons:
Toril Eidesvik, CEO
M: +47 900 78 218
Henrik Solberg-Johansen, CFO
M: +47 982 06 438